New Issue: Scotia prices $555,000 Buffered PLUS linked to S&P

By Kiku Steinfeld

Chicago, Nov. 7 – Bank of Nova Scotia priced $555,000 of 0% Buffered PLUS due Nov. 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 200% of the return subject to a maximum return of par plus 22.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Buffered PLUS
Underlying index:	S&P 500
Amount:	$555,000
Maturity:	Nov. 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of index is positive, par plus 200% of return subject to a maximum return of par plus 22.3%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	4,090.38
Buffer level:	90% of initial level
Upside leverage:	200%
Cap:	22.3%
Strike date:	April 5, 2023
Pricing date:	April 6, 2023
Settlement date:	April 11, 2023
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	06417YGL7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.